Identification of Significant Financial Statement Risk Salvatore Natural Gas Pipeline Ltd. December 31, 2018 No. Description of Potential Financial Statement Risk Financial Statement Account(s) Affected Financial Statement Assertion(s) Explanation/ Justification Declining economic 1 conditions Significant changes in 2 the industry Deficiencies in managements 3 competence Ineffective oversight by 4 board of directors Inadequate accounting 5 records